Nomura Holdings Inc. Purchases Shares of 5,760 Boot Barn Holdings, Inc. (NYSE:BOOT)

Nomura Holdings Inc. acquired a new stake in Boot Barn Holdings, Inc. (NYSE:BOOT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,760 shares of the company's stock, valued at approximately $874,000.

Several other hedge funds also recently bought and sold shares of the business. Signaturefd LLC grew its stake in Boot Barn by 201.8% in the 4th quarter. Signaturefd LLC now owns 166 shares of the company's stock worth $25,000 after acquiring an additional 111 shares in the last quarter. Blue Trust Inc. grew its stake in Boot Barn by 1,430.0% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the company's stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Assetmark Inc. grew its stake in Boot Barn by 45.2% in the 4th quarter. Assetmark Inc. now owns 363 shares of the company's stock worth $55,000 after acquiring an additional 113 shares in the last quarter. R Squared Ltd bought a new position in Boot Barn in the 4th quarter worth about $102,000. Finally, Smartleaf Asset Management LLC grew its stake in Boot Barn by 212.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 749 shares of the company's stock worth $115,000 after acquiring an additional 509 shares in the last quarter.

Insider Buying and Selling

In related news, insider Laurie Marie Grijalva sold 2,438 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $160.67, for a total transaction of $391,713.46. Following the completion of the transaction, the insider now owns 14,593 shares of the company's stock, valued at approximately $2,344,657.31. This trade represents a 14.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America increased their price target on Boot Barn from $160.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. dropped their price objective on shares of Boot Barn from $209.00 to $196.00 and set an "overweight" rating on the stock in a research note on Thursday, May 15th. Craig Hallum upgraded shares of Boot Barn from a "hold" rating to a "buy" rating and set a $130.00 price objective on the stock in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Boot Barn from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Finally, Stephens initiated coverage on shares of Boot Barn in a research note on Wednesday, April 9th. They set an "overweight" rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Boot Barn has an average rating of "Moderate Buy" and a consensus price target of $170.62.

Boot Barn Trading Up 1.1%

NYSE:BOOT traded up $1.69 during trading hours on Thursday, hitting $159.10. The company had a trading volume of 828,241 shares, compared to its average volume of 828,434. The company has a 50-day moving average of $111.67 and a 200 day moving average of $130.95. The company has a market cap of $4.87 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.17 and a beta of 1.59. Boot Barn Holdings, Inc. has a 1 year low of $86.17 and a 1 year high of $176.64.

Boot Barn (NYSE:BOOT - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $1.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.24 by ($0.02). The business had revenue of $453.75 million for the quarter, compared to analysts' expectations of $458.56 million. Boot Barn had a return on equity of 17.11% and a net margin of 9.36%. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. On average, analysts forecast that Boot Barn Holdings, Inc. will post 5.82 earnings per share for the current year.

Boot Barn declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 14th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to repurchase up to 4.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Boot Barn Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.